Property coverage
Condominium insurance.
The corporation insures the building. Everything from the walls in, plus their deductible, can land on you.
What it covers
The parts worth getting right.
- Contents and improvements you made to the unit
- Contribution to the corporation deductible, which can be substantial
- Personal liability
- Loss assessment when the corporation charges owners
Commonly missed
Corporation deductibles have climbed sharply, particularly for water. Owners are routinely surprised by a bill they had no idea they were exposed to.
Get a QuoteWorth knowing
The corporation’s deductible can land on you, and on water claims it is often the biggest number in the building.
Common questions
Asked most about this.
What does the corporation actually insure?
The structure and common elements. Your unit’s finishes, your contents and your liability are yours.
What is loss assessment?
Cover for your share when the corporation charges owners for a shortfall. It is inexpensive and routinely left off.
More property coverage
Also under property.
Want this priced properly?
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